24 Buller Terrace, Cheltenham SA 5014

Tight listing conditions (0.32% stock, ~1.1 months supply) and a balanced 21% renter/owner mix keep demand elevated while average household incomes sit near $1,534/week and investors chase 3.1%/4.1% rental yields. Buyers stay engaged because supply is scarce, with houses up 19.1% year-on-year even though the latest quarter tracked flat, so the market feels steady rather than overcooking. Risks stem from stretched affordability (about 47 years to fully own a home) and any new rate pressure, yet moderate building approvals (0.85 ratio) and the tight base make for upside if owners are willing to wait through minor pauses.